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AST SpaceMobile Falls 3.91% as Earnings Estimates Loom
AST SpaceMobile shares fell more than major indexes, while analysts’ consensus points to sharply higher quarterly revenue ahead.
Key takeaways
- AST SpaceMobile closed at $60.65, down 3.91%.
- Consensus estimates call for quarterly revenue of $45.19 million, up 206.56% year over year.
AST SpaceMobile shares fell 3.91% to close at $60.65, a steeper decline than the S&P 500 and Nasdaq, both down 0.22%. The Dow lost 0.66%.
Over the past month, the stock declined 4.54%, while the Computer and Technology sector gained 6.54% and the S&P 500 rose 1.4%.
Ahead of the company’s next earnings report, Zacks’ consensus estimate calls for a loss of $0.39 per share and revenue of $45.19 million. The revenue estimate is 206.56% above the same quarter a year earlier.
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This article was produced with the help of AI technology. Source: Yahoo Finance
